XCLR vs. RFLR

Last updated Jun 25, 2026

XCLR (Global X S&P 500 Collar 95-110 ETF) and RFLR (Innovator U.S. Small Cap Managed Floor ETF) are both Equity Hedged funds. XCLR is passively managed, while RFLR is actively managed. Over the past year, XCLR returned 10.55% vs 28.42% for RFLR. A 0.69 correlation means they provide meaningful diversification when combined. XCLR charges 0.25%/yr vs 0.89%/yr for RFLR.

Performance

XCLR vs. RFLR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X S&P 500 Collar 95-110 ETF (XCLR) and Innovator U.S. Small Cap Managed Floor ETF (RFLR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XCLR achieves a 1.21% return, which is significantly lower than RFLR's 12.46% return.

XCLR

• 1D: -0.24%
• 1M: -0.70%
• YTD: 1.21%
• 6M: 0.21%
• 1Y: 10.55%
• 3Y*: 13.24%
• 5Y*: —
• 10Y*: —

RFLR

• 1D: 0.84%
• 1M: 4.80%
• YTD: 12.46%
• 6M: 10.27%
• 1Y: 28.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XCLR vs. RFLR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XCLR Global X S&P 500 Collar 95-110 ETF	1.21%	10.25%	3.49%
RFLR Innovator U.S. Small Cap Managed Floor ETF	12.46%	11.81%	1.78%

Correlation

The correlation between XCLR and RFLR is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (All Time) Calculated using the full available price history since Sep 17, 2024	0.69

The correlation between XCLR and RFLR has been stable across timeframes, ranging from 0.62 to 0.69 - a consistent structural relationship.

XCLR vs. RFLR - Sectors Allocation Comparison

Sectors	XCLR	RFLR
Technology	39.0%	16.7%
Financial Services	11.1%	13.1%
Communication Services	10.6%	2.5%
Consumer Cyclical	9.9%	6.0%
Healthcare	8.3%	13.4%
Industrials	7.8%	12.8%
Consumer Defensive	4.5%	1.4%
Energy	3.2%	3.0%
Utilities	2.1%	1.7%
Real Estate	1.8%	3.0%
Basic Materials	1.7%	2.1%

Return for Risk

XCLR vs. RFLR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XCLR

XCLR Risk / Return Rank: 36
XCLR Sharpe Ratio Rank: 39
XCLR Sortino Ratio Rank: 37
XCLR Omega Ratio Rank: 38
XCLR Calmar Ratio Rank: 28
XCLR Martin Ratio Rank: 37

RFLR

RFLR Risk / Return Rank: 85
RFLR Sharpe Ratio Rank: 82
RFLR Sortino Ratio Rank: 84
RFLR Omega Ratio Rank: 79
RFLR Calmar Ratio Rank: 90
RFLR Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XCLR vs. RFLR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Collar 95-110 ETF (XCLR) and Innovator U.S. Small Cap Managed Floor ETF (RFLR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	XCLR	RFLR	Difference
Sharpe ratio: Return per unit of total volatility	1.27	2.28	-1.01
Sortino ratio: Return per unit of downside risk	1.77	3.25	-1.49
Omega ratio: Gain probability vs. loss probability	1.23	1.41	-0.17
Calmar ratio: Return relative to maximum drawdown	1.28	4.93	-3.65
Martin ratio: Return relative to average drawdown	5.14	17.39	-12.25

XCLR vs. RFLR - Sharpe Ratio Comparison

The current XCLR Sharpe Ratio is 1.27, which is lower than the RFLR Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of XCLR and RFLR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XCLR vs. RFLR - Drawdown Comparison

The maximum XCLR drawdown since its inception was -14.63%, smaller than the maximum RFLR drawdown of -15.48%. Use the drawdown chart below to compare losses from any high point for XCLR and RFLR.

Drawdown Indicators

	XCLR	RFLR	Difference
Max Drawdown Largest peak-to-trough decline	-14.63%	-15.48%	+0.85%
Max Drawdown (1Y) Largest decline over 1 year	-8.29%	-5.79%	-2.50%
Max Drawdown (3Y) Largest decline over 3 years	-12.46%	—	—
Current Drawdown Current decline from peak	-1.56%	0.00%	-1.56%
Average Drawdown Average peak-to-trough decline	-4.65%	-3.73%	-0.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	1.64%	+0.42%

Volatility

XCLR vs. RFLR - Volatility Comparison

The current volatility for Global X S&P 500 Collar 95-110 ETF (XCLR) is 1.31%, while Innovator U.S. Small Cap Managed Floor ETF (RFLR) has a volatility of 3.79%. This indicates that XCLR experiences smaller price fluctuations and is considered to be less risky than RFLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XCLR	RFLR	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.31%	3.79%	-2.48%
Volatility (6M) Calculated over the trailing 6-month period	5.95%	8.79%	-2.84%
Volatility (1Y) Calculated over the trailing 1-year period	8.37%	12.54%	-4.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.39%	12.27%	-1.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.39%	12.27%	-1.88%

XCLR vs. RFLR - Expense Ratio Comparison

XCLR has a 0.25% expense ratio, which is lower than RFLR's 0.89% expense ratio.

Dividends

XCLR vs. RFLR - Dividend Comparison

XCLR's dividend yield for the trailing twelve months is around 13.00%, more than RFLR's 0.60% yield.

Position	TTM	2025	2024	2023	2022	2021
RFLR Innovator U.S. Small Cap Managed Floor ETF	0.60%	0.67%	0.26%	0.00%	0.00%	0.00%
XCLR Global X S&P 500 Collar 95-110 ETF	13.00%	13.15%	18.76%	1.40%	1.01%	1.70%

Frequently Asked Questions

Can I hold both XCLR and RFLR in my portfolio?

XCLR and RFLR have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XCLR or RFLR?

RFLR has higher volatility (3.79%) compared to XCLR (1.31%). In terms of maximum drawdown, XCLR dropped -14.63% vs RFLR's -15.48%.

Which ETF is better, XCLR or RFLR?

On 1-year performance, RFLR leads with 28.42% vs 10.55% for XCLR. On fees, XCLR is cheaper at 0.25% per year. On volatility, XCLR has been the lower-risk option at 1.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XCLR or RFLR?

Over the 1-year period, RFLR has performed better with a 28.42% return vs 10.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XCLR or RFLR?

XCLR is cheaper with a 0.25% expense ratio, compared with 0.89% for RFLR.

Which ETF pays a higher dividend yield, XCLR or RFLR?

XCLR has the higher dividend yield at 13.00%, compared with 0.60% for RFLR.

What is the main difference between XCLR and RFLR?

They also come from different issuers: Global X and Innovator. Their fees differ too: 0.25% for XCLR and 0.89% for RFLR.

Which has better risk-adjusted returns?

RFLR currently has the higher Sharpe Ratio (2.28 vs 1.27), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.